Financial statements for Askew Industries for 2021 are shown below (in thousands): 2021 Income Statement Net sales $ 8,700 Cost of goods sold (6,175) Gross profit 2,525 Operating expenses (1,975) Interest expense (150) Income tax expense (160) Net income $ 240 Comparative Balance Sheets Dec. 31 2021 2020 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) 550 550 750 1,500 $3,350 450 350 550 1,600 $2,950 Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings 800 1,150 550 850 $3,350 $ 550 1,150 550 700 $2,950 Required: Calculate the following ratios for 2021. (Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.) days days 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio 4. Average collection period 5. Asset turnover ratio 6. Profit margin on sales 7 Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) % % % times %